ADNOC's entry to Egyptian market will help create new revenue sources, enhance financial performance: CEO

Mon, 08 Aug 2022 - 03:51 GMT

ADNOC Distribution has strengthened its global expansion by entering into a partnership with Total Energies.

ADNOC Distribution acquires 50% of Total Energies in Egypt

Thu, 28 Jul 2022 - 03:39 GMT

ADNOC had signed an agreement with "Total Energy Marketing Afrique S.A.S." to acquire a 50 percent stake in Total Energy Marketing Egypt, with a value of approximately $186 million, in addition to an additional amount of up to $17.3 million, if certain conditions are met during the acquisition process.

Fortune of Nassef Sawiris rises by $1.5B in few months

Mon, 22 Jul 2019 - 03:56 GMT

The fortune of billionaire Nassef Sawiris rose by $1.5 billion to become $7.9 billion over the past few months.

UAE light oil posts longest discount run since 2017 as Asian buyers switch

Mon, 25 Feb 2019 - 10:03 GMT

U.S. oil production and exports hit all-time highs last week, the Energy Information Administration said on Thursday.

UAE ‘bans banks with Qatari shareholders’

Thu, 10 Aug 2017 - 10:22 GMT

Credit Suisse, Deutsche Bank and Barclays were reported to have low chances to win new deals in Abu Dhabi, Financial Times said

ADNOC to split huge oil concession, in talks with potential partners

Mon, 07 Aug 2017 - 10:11 GMT

UAE's state-owned energy giant Abu Dhabi National Oil Co (Adnoc) said on Monday that it would split its ADMA-OPCO offshore oil concession.

UAE oil giant in talks to obtain loan of up to $5B

Mon, 24 Jul 2017 - 01:30 GMT

Abu Dhabi oil giant Adnoc is in talks to obtain a syndicated loan worth up to $5 billion

Adnoc hires banks for fuel retailer IPO: sources

Thu, 20 Jul 2017 - 12:56 GMT

Abu Dhabi National Oil Company (Adnoc) has picked a local bank and three foreign lenders as bookrunners for the planned initial public offering

Abu Dhabi oil firm ADNOC catches regional listing bug

Mon, 10 Jul 2017 - 10:56 GMT

Abu Dhabi National Oil Company (ADNOC) is looking to float some of its services businesses and enter tie-ups.

UAE re-imposes port ban on Qatari-linked oil tankers

Thu, 08 Jun 2017 - 11:04 GMT

Abu Dhabi Petroleum Ports Authority has re-imposed a ban on oil tankers linked to Qatar calling at ports in the United Arab Emirates.